Code · CFR · Title 12 — Banks and Banking · Part 333 — Extension of Corporate Powers · § 333.3

§ 333.3. Consent required for exercise of trust powers.

49 words·~1 min read·/us/cfr/t12/s§ 333.3·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Except as provided in 12 CFR 303.242(a), a State nonmember bank or State savings association seeking to exercise trust powers must obtain prior written consent from the FDIC. Procedures for obtaining the FDIC's prior written consent are set forth in 12 CFR 303.242. [83 FR 60337, Nov. 26, 2018]

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CFR

Exercise of trust powers.
§ 303.242

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§ 333.3

Consent required for exercise of trust powers.

C.F.R.§ 303.242

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